The Woodlands Real Estate Blog

THE WOODLANDS, TX - The Woodlands was recently named the #1 'City on the Rise in Texas,' by NerdWallet, an impartial data collection organization that provides transparent information for making large financial decisions. In their March 17, 2014 article, The Woodlands came in first place out of the ten other growth cities in Texas, based on population, income, and employment growth.

"The results of this study were based on sound, quantitative data,"" said Maggie Clark, who worked with her partner on the research, then wrote their findings which can be viewed at Cities on the Rise in Texas. ""Our findings were based on good, solid numbers. The data collection comes from authoritative sources like the Dallas Federal Reserve and the U.S. Census Bureau. NerdWallet compiles the data so that people can make informed decisions.""

Clark cited the growth of the employment population as being especially poignant. ""It grew from 28,540 in 2009, to 46,785 in 2012. That's amazing,"" said Clark.

The 'Texxon' effect, with ExxonMobil relocating to the area, is a major contributing factor to the job growth, which has spawned growth in every other facet of life in The Woodlands community: retail, entertainment, education, and demanded infrastructure upgrades. The raw numbers for The Woodlands growth can be viewed at the link provided.

NerdWallet also ranked The Woodlands as the #20 best place for homeownership in Texas in Best Cities for Homeownership in Texas. ""We'll be doing these studies on the other states,"" said Clark, ""but the numbers in Texas were so significant, we concentrated on it first.""

Realtors in the area are vying for the limited amount of listings, and sellers are getting record prices for their homes. For the benefit of homebuyers, NerdWallet also provides a mortgage calculator, as well as the best deals on credit cards, insurance, investments, retail shopping, and even college comparisons with a loan calculator. The one thing NerdWallet's findings validate for sure, is that The Woodlands is a 'best buy.'

Source: woodlandsonline.com